91.69 0.00 (0.00%)
After hours: 4:27PM EDT
|Bid||89.00 x 3100|
|Ask||91.99 x 900|
|Day's Range||90.29 - 91.79|
|52 Week Range||68.45 - 91.79|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||37.83|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||98.65|
Joining Yahoo Finance's Jen Rogers and Myles Udland is Jared Blikre to break down the week's market action in the S&P 500, its 11 sectors (where tech is leading the year again), as well as the weekly winners in the Nasdaq 100 — all with the help of our new YFi Interactive touch screen.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, congratulates Lynn S. McCreary, who has been named among the Wisconsin Law Journal 2019 Women in the Law honorees. This annual recognition pays tribute to legal professionals for their outstanding achievements in the industry and for their efforts to help other women succeed in the profession. McCreary has served as Chief Legal Officer and General Counsel of Fiserv since 2013, having initially joined the company as Deputy General Counsel in 2010.
Beating the market every year is no easy feat — explaining the popularity of index funds and ETFs. But it can be done, even without any trading.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, announced today that on-demand payment pioneer FlexWage Solutions is expanding the ways wage earners can receive their pay to align with how people live and work today. In addition to being able to access their pay on-demand via a FlexWage-branded card, earners can now send their pay directly to their checking accounts at the time of their choice via Fiserv technology. “Life does not revolve around two-week pay periods,” said Frank Dombroski, Chief Executive Officer, FlexWage.
Fiserv Inc NASDAQ/NGS:FISVView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * Bearish sentiment is moderate and declining Bearish sentimentShort interest | NeutralShort interest is moderately high for FISV with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 14. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold FISV had net inflows of $7.37 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. FISV credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The offering is being conducted in connection with the previously announced proposed acquisition of First Data Corporation, which is currently expected to close in the second half of calendar year 2019, subject to customary closing conditions (the “merger”). Fiserv intends to use the net proceeds from this offering, together with borrowings under its term loan facility and revolving credit facility and the proceeds of its substantially concurrent offering of $9.0 billion aggregate principal amount of its U.S. dollar-denominated senior notes, to refinance certain outstanding indebtedness of First Data, make cash payments in lieu of fractional shares as part of the merger consideration, and pay fees and expenses related to the merger, the refinancing, and the related transactions.
Moody's Investors Service ("Moody's") has assigned a Baa2 senior unsecured rating to Fiserv, Inc.'s ("Fiserv") proposed offering of Euro and British Pound denominated senior notes. The net proceeds from the offering will be used to provide funds for the pending acquisition of First Data Corporation ("First Data"), including for the refinancing of First Data's existing debt.
Jeff Yabuki has been the CEO of Fiserv, Inc. (NASDAQ:FISV) since 2005. This analysis aims first to contrast CEO...
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, announced today that it had commenced a public offering of its euro- and sterling-denominated senior notes, subject to market and other conditions. The offering is being conducted in connection with the previously announced proposed acquisition of First Data Corporation, which is currently expected to close in the second half of calendar year 2019, subject to customary closing conditions (the “merger”). Fiserv intends to use the net proceeds from this offering, together with borrowings under its term loan facility and revolving credit facility and the proceeds of its substantially concurrent offering of $9.0 billion aggregate principal amount of its U.S. dollar-denominated senior notes, to refinance certain outstanding indebtedness of First Data, make cash payments in lieu of fractional shares as part of the merger consideration, and pay fees and expenses related to the merger, the refinancing, and the related transactions.
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The BB&T; Atlanta Open, set for July 20-28, is poised to bring on First Data as it looks to expand its community outreach and reach a larger audience.
Companies are borrowing more because investors are returning to the corporate-bond market. The renewed demand can be attributed to the expectation that the Federal Reserve will cut interest rates this year.
The offering is being conducted in connection with the previously announced proposed acquisition of First Data Corporation, which is currently expected to close in the second half of calendar year 2019, subject to customary closing conditions (the “merger”). Fiserv intends to use the net proceeds from this and potential future offerings of securities, together with borrowings under its term loan facility and revolving credit facility, to refinance certain outstanding indebtedness of First Data, make cash payments in lieu of fractional shares as part of the merger consideration, and pay fees and expenses related to the merger, the refinancing, and the related transactions. Fiserv intends to use any remaining net proceeds for general corporate purposes.
The longest portion of the offering, a 30-year security, will yield about 1.82 percentage points above Treasuries, after initial talk at around 2 percentage points, said the person, who asked not to be identified as the details are private. Fiserv, which wrapped up meetings with U.S. investors last week, is also holding meetings across Europe Tuesday through Thursday. Fidelity National expressed a clear preference for European markets in the financing, which was used to help fund its acquisition of Worldpay Inc.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Fiserv, Inc. , a leading global provider of financial services technology solutions, announced today that Jeffery Yabuki, President and Chief Executive Officer, will present at the Baird Global Consumer, Technology & Services Conference in New York on June 4, 2019 at 10:15 a.m.
Shares of Total System Services Inc. are up more than 6% in premarket trading Friday after Bloomberg reported that the company has engaged in talks with Global Payments Inc. about a potential merger. The companies also discussed potential joint ventures and other ways they could work together without merger, according to Bloomberg, which cites an anonymous source. Total System Services and Global Payments didn't immediately respond to MarketWatch's request for comment. "It seems like the race is on for creating the third two-sided network platform, servicing both [financial institutions] and merchants," wrote Wedbush analyst Moshe Katri. "TSS remains one of the least expensive names in the space." Payments peers Fidelity National Information Services Inc. and Worldpay Inc. announced plans to combine back in March, while Fiserv Inc. and First Data Corp. announced their own merger plans in January. Piper Jaffray analyst Jason Deleeuw wrote that he expects any merger between Total System Services and Global Payments to be a cash and stock deal, "like the other two processing mega-mergers announced this year." Total System Services shares have gained 23% so far this year, as the S&P 500 has risen 13%.
Yabuki said plans to search for a new office in Wisconsin are being put on hold as the company focuses on its $22 billion all-stock acquisition of New York-based First Data Corp.
Another jittery week seems to be upon the markets as news headlines highlight that the U.S.-China trade negotiations may be at an impasse. Trade is not a zero-sum game and tariff tiffs will likely affect many companies, countries, and consumers at different levels. Understandably many investors are beginning to get nervous as to where stocks in their portfolios may be headed next. Therefore, today I'd like to discuss the short and long-term outlook for Square (NYSE:SQ), the mobile-payments company.Source: Via SquareFintech is an evolving and growing industry. And the global economy is gradually shifting from cash to cash-less payments. With its strong small business focus and proactive management, Square stock is likely to weather the long-term ebbs and flows of the industry. However, there might be further weakness in the SQ stock price -- after losing 9.2% in the past month -- in the near-term that potential investors should anticipate. Square's Growing EcosystemAlthough it started as a payments company, Square has in recent quarters introduced a range of software, hardware and apps to service small businesses, individual clients and act more like a traditional bank. Its most recent earnings report released on May 1 and accompanying shareholder letter provide a good overview of the growth in service offerings.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSquare's ecosystem combines software with hardware to especially enable sellers to turn their mobile devices into point-of-sale (POS) solutions. In other words, through various growth initiatives, SQ management is now aiming to make the company a major player in the fintech apps sphere as well as a small business platform that offers a wide range of services.For example, SQ's peer-to-peer mobile payments Cash App has more than 15 million monthly active customers. Square charges 2.75% per transaction to businesses that accept Cash App payments. It also makes money through individuals using the app. * 6 Chinese Stocks That Could Pop On a Trade Deal Management would like to see the Cash App become more like a traditional bank whose core customers are small businesses as well as individuals. As the younger generations especially are making a drastic shift to using electronic payments, Square would like to capture that growth.In October 2018, the group announced Square Installments, which lets customers pay in monthly installments. Previously, Square had also launched Square Capital, which provides short-term loans to small businesses that use its service to process credit card payments.Clearly, Square is expanding its services and merchant ecosystem across different channels and many growth investors are bullish long term on Square stock. However, they would need to pay special attention to how each business that Square is now chasing contributes to the bottom line.While Square currently enjoys a head start in serving small businesses, Wall Street has some questions as to whether the group can maintain a sustained growth quarter after quarter. What Could Derail Square Stock Fundamentally?The global payments industry is a $100 trillion plus market. And the fintech apps revolution is fast changing the way traditional banks, credit card issuers and mobile-payments companies work with businesses as well as retail customers.Such a big industry inevitably attracts both domestic and global competition. Square faces competition from many well-capitalized companies, including the global online payments group PayPal Holdings (NASDAQ:PYPL), transaction processing leader Visa (NYSE:V) and Fiserv (NASDAQ:FISV), which is shaping up to become a global payments giant.To be sure, not every area Square expands into will necessarily translate into easy money. Unless Square increases its revenue base, Wall Street may not be too forgiving about the SQ stock price. Therefore, from a valuation point of view, I'd urge long-term investors to exercise caution with the current price levels.For example, many analysts are expressing doubts over Square's expansion into the loan business and questioning whether the company is taking on too much risk.Another are of potential concern would be declining growth in transaction fees, which still provide the majority of revenues. Square's shifts toward subscription and services revenues may not be enough to make up for the decline in transaction fees.The May 1 earnings report showed that the group's gross payment volume (GPV) grew to $22.6 billion, at a relatively modest rate 27%. Yet Wall Street was concerned about this growth rate.In other words, shareholders would need to decide whether the company has potentially diversified way too much and away from its core business of payment processing. Therefore, they'd need to regularly re-assess their views based on company and sector developments as well as earnings statements. Where is Square Stock Price Now?Let us briefly remember how SQ stock price has acted over the years.Following its initial public offering (IPO) in late 2015, the price of SQ stock surged from $9 to an all-time high of $101.15 in October 2018 as the company became a darling among long-term investors.With such high return on initial investments, many investors look at the future through rose-colored glasses as they tend to assume growth rates will accelerate for many years. That's how recent IPOs usually become momentum stocks. However, if growth decelerates, then the stock price usually suffers. In other words, a momentum stock like Square trades in line with revenue growth trends and expectations.Despite the euphoria in the first three years, SQ stock price has been exhibiting price weakness since all-time high on Oct. 1, 2018. This year, although the stock is so far up 16%, April and May have not been good months for shareholders. The weak Q2 guidance issued during the Q1 conference call triggered the recent downtrend.If you are looking for an entry signal to buy SQ shares, from a technical chart perspective, I am not expecting the stock to make a significant leg up any time soon. Square stock will need to stabilize and build a base again before a long-term sustained leg up can occur.And, I do not expect the SQ stock price to reach the $100 level any time soon; the market may be starting to price the stock with a more realistic and fair view.The daily volatility of Square stock is high, giving it a broad trading range, so short-term traders should proceed with caution. Expect nearer-term trading in SQ to be choppy at best. So Should You Buy SQ Stock in May?I believe the volatility and selling in the markets will continue in May as well as in June. Like many momentum plays, SQ stock is likely to be a battleground between two camps: investors and traders.Depending on news headlines, Square stock may trade sideways for several days, only to continue to pullback toward the low-$60's level, where it is likely to find initial support.If the support around $60 level does not hold, then it may fall further to $50 level, where I'd expect SQ stock to start to stabilize and then trade sideways until the next earnings release, expected in late July. * 7 High-Yield REITs to Buy (Even When the Market Tanks) Indeed, Square stock may become one of the first momentum stocks to test the lows it saw between $49-50 in December 2018, hence making a double bottom in technical charts. Only then the twice-touched low may become a more reliable long-term support level.In other words, I'd not rush to buy Square stock yet. However, I'd get ready to initiate a position as the price declines further, toward $50. I'd also consider buying covered calls in conjunction with going long on SQ shares.If you already own the shares, you might want to stay the course and hold your position. That said, if you are worried about short-term profit taking, then within the parameters of your portfolio allocation and risk/return profile, you may consider placing a stop loss at about 3-5% below the current price point, to protect your profits to date. Bottom Line on Square StockStocks suffer during times of uncertainty and the current political and economic fundamentals offer plenty of questions. Therefore, I'd encourage potential new investors to wait for a few weeks until the smoke clears from the markets and until buyers are definitively back in control in Square shares.Until that time, Square is likely to be a one-step forward, two-steps back kind of stock until it reaches low $50's level. On a final note, if the SQ stock price declines further amid a subdued earnings season, the company could very well become a takeover target.As of this writing, the Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Hot Fintech Market Has Investors Eyeing Rebound in Depressed Square Stock appeared first on InvestorPlace.